M&A Deal Summary

Incline Equity Partners Acquires Specialty Products & Insulation

On December 22, 2021, private equity firm Incline Equity Partners acquired distribution company Specialty Products & Insulation from Dunes Point Capital

Acquisition Highlights
  • This is Incline Equity Partners’ 10th transaction in the Distribution sector.
  • This is Incline Equity Partners’ 55th transaction in the United States.
  • This is Incline Equity Partners’ 3rd transaction in North Carolina.

M&A Deal Summary
Date 2021-12-22
Target Specialty Products & Insulation
Sector Distribution
Buyer(s) Incline Equity Partners
Sellers(s) Dunes Point Capital
Deal Type Secondary Buyout

Target

Specialty Products & Insulation

Charlotte, North Carolina, United States
Specialty Products & Insulation is a value-added distributor and fabricator of insulation and complementary products for the commercial, industrial and residential markets. SPI's products help conserve energy, preserve worker safety, and provide noise abatement. The Company currently operates 59 distribution branches and 16 co-located fabrication facilities and sells to over 3,500 contractors in the U.S. and Canada. Specialty Products & Insulation was founded in 1982 and is based in Charlotte, North Carolina.

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Buyer(S) 1

Buyer

Incline Equity Partners

Pittsburgh, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1982
PE ASSETS 5.8B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Incline Equity Partners is a private equity firm focused on lower middle-market growth companies. The Firm targets companies located in the US and Canada with enterprise values ranging from $25 to $750 million. Prospective transaction types include buyouts, minority recapitalizations, and corporate divestitures. Incline Equity Partners was formerly known as PNC Equity Partners. The Firm is based in Pittsburgh.

DEAL STATS #
Overall 56 of 73
Sector (Distribution) 10 of 11
Type (Secondary Buyout) 18 of 23
State (North Carolina) 3 of 3
Country (United States) 55 of 71
Year (2021) 10 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-16 Profile

Buffalo Grove, Illinois, United States

Profile offers environmentally sound, site-specific solutions for soil modification, horticultural production, erosion control, and plant establishment. As a manufacturer of hydraulically applied mulch and additives, horticulture substrates, as well as biotic and ceramic conditioners to amend the soil, the company offers on-site solutions and consultation to architects, land planners, contractors, developers, and municipalities. Their team of agronomists, engineers and industry experts is supported through a worldwide network of experienced distributors. Profile was founded in 1997 and is based in Buffalo Grove, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-18 Alliance

Azusa, California, United States

Alliance offers a full suite of facility and property remediation services, such as indoor air quality, asbestos abatement, pest control, and other environmental remediation services. The Company serves as a key-value chain partner to a diverse base of residential and commercial customers, including insurance companies, property managers, and restoration contractors. Alliance is based in Azusa, California.

Buy -

Seller(S) 1

SELLER

Dunes Point Capital

Category Family Office
Founded 2013
PE ASSETS 1.3B USD
Size Large
Type Sector Focused
DESCRIPTION

Dunes Point Capital is a family office and private investment firm focused on control investments in the industrials sector. Dunes Point Capital was formed in 2013 and is based in Rye, New York.

DEAL STATS #
Overall 5 of 8
Sector (Distribution) 1 of 2
Type (Secondary Buyout) 2 of 3
State (North Carolina) 1 of 1
Country (United States) 5 of 8
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-20 PPG

Glen Mills, Pennsylvania, United States

PPG designs, manufactures, markets, and distributes high-quality plumbing products. PPG’s portfolio includes products from two proprietary brands – Wolverine Brass, and Speakman – as well as third-party products across all of the leading brands. PPG was founded in 2003 and is based in Glen Mills, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-05 Atalys

Rochester, New York, United States

Atalys is a manufacturer of complex, high precision parts primarily for the medical device industry. Atalys is based in Rochester, New York.

Buy -
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